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Wednesday, June 17, 2009

ICICI Pru MF revises entry load in Long Term Floating Rate Plan

With effect from 18 June 2009

ICICI Pru Mutual Fund has announced changes in entry load structure of ICICI Pru Long Term Floating Rate Plan – Plan A, Plan B and Plan C, with effect from 18 June 2009.

For all the above mentioned plans, the scheme will hereafter charge an entry load of 2.50% of applicable NAV and all fresh or additional purchase/switch-ins including Systematic Investment Plan and Systematic Transfer Plan.

ICICI Pru Long Term Floating Rate Plan is an open ended income fund with an objective to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

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